| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans five-year trigger gears with no cap tied to S&P 500
By Susanna Moon
Chicago, June 8 – HSBC USA Inc. plans to price 0% trigger gears due June 30, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 1.58 times and 1.68 times the gain, with the exact upside gearing to be set at pricing.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on June 27 and settle on June 30.
The Cusip number is 40434V764.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.